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Why Home Prices Are Still Probably Overinflated

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July 30, 2008 – Comments (3)

The amount of fraud out there is simply stunning.

Look at what passes for business as usual among the slugs who conducted this transaction in the O.C.

3 Comments – Post Your Own

#1) On July 30, 2008 at 3:10 PM, FoolishChemist (97.01) wrote:

I pulled this off zillow on the house they were talking about

Sale History
01/22/2008: $625,000
11/26/2007: $304,500
11/16/2006: $478,163
11/28/2005: $565,000
10/17/2001: $210,000

Single family, 1 beds, 1.0 bath, 846 sqft, Lot 6,212 sqft, Built in 1946

The current zestimate is $563,500 still sounds like way too much.

 

 

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#2) On July 31, 2008 at 6:13 AM, DemonDoug (92.48) wrote:

I bet it's not even worth the 210 it sold for in 2001.

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#3) On August 01, 2008 at 3:25 PM, Richthofen80 (87.50) wrote:

Call me when house prices are 2.5x - 3x annual incomes

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